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India to withdraw licenses for oil tankers, bulk carriers older than 25 yrs

"Age norms will assist in ensuring gradual phasing out of fossil fuel ships and ushering in of alternate/low carbon energy efficient ships," the order said

Adani Group to repay up to $790 mn share-backed loans by March: Reports

Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named

Ukraine war, US-China tensions to dominate G20 foreign ministers meet

In all, representatives of 40 countries, including non-G20 members invited by India, and multilateral organisations will attend

Apple supplier Foxlink halts production at Indian facility after fire

Management has estimated damage of 1 billion Indian rupees ($12 million) at the facility, he said, adding there were no casualties

Oil futures slip 1% on worries about more US interest rate hikes

Oil prices slid about 1% on Monday as strong U.S. economic data had investors bracing for more interest rate hikes from the U.S. Federal Reserve to fight inflation which could also cut oil demand

British PM Rishi Sunak, EU strike deal over trade in Northern Ireland

A government source said Sunak had agreed the terms with European Commission President Ursula von der Leyen as they met in London

$61-billion VMware deal: Broadcom to get warning from regulators

The EU competition enforcer, which will decide on the deal by June 7

Credit growth of banks accelerates 16.8% in December quarter: RBI

Indian banks' credit growth doubled to 16.8% in the October-December quarter from a year earlier, data released by the Reserve Bank of India (RBI) on Monday showed

Nissan raises global electrified car sales targets; to boost US input

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, up from a previous goal of 50%

Adani rebuffs report of $400 mn fundraise against Australian assets

Australia's corporate regulator earlier this month said it will review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani

SpiceJet restructures dues to Carlyle Aviation, to raise fresh capital

The airline will also transfer $65.5 million worth of compulsorily converted debentures of SpiceXpress and Logistics to Carlyle Aviation

Nissan Motor Co raises global EV target; to increase US localisation

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, from a previous goal of 50%

Adani in talks for $400 mn debt against Australian coal port assets: Report

North Queensland Export Terminal, which is controlled by Adani family trust, is being considered to raise funds for the group, according to the report on Monday, citing sources aware of fundraising

Fabindia withdraws $482 million IPO due to rough market conditions

Fabindia said it has withdrawn its $482.43 million IPO due to rough market conditions, becoming the latest company to shelve listing plans as interest rate worries pressure stock markets

Twitter lays off 200 employees, nearly 10% of current workforce: Report

The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online

Berkshire Hathaway posts big loss in Q4, cash hoard swells to $130 bn

The Omaha, Nebraska-based firm found more value buying back its own shares, repurchasing $2.6 billion, and bought back about $700 million more in the first month-and-a-half of 2023

Twitter fires at least 50 in relentless cut on costs, says report

The job cuts impacted multiple engineering teams, including those supporting advertising technology

Nokia changes iconic logo for 1st time in 60 years, signals new strategy

The iconic blue color of the old logo has been dropped for a range of colours depending on the use

World Bank nominee's credentials will overcome selection criticism: Yellen

In an interview, Yellen affirmed her support for the longstanding tradition of the United States choosing the World Bank's leader and Europe choosing the head of the International Monetary Fund

Most G20 nations condemn Russia for Ukraine war but China stays silent

Russia, a member of the G20 but not of the G7, refers to its actions in Ukraine as a "special military operation", and avoids calling it an invasion or war